Singapore Stock Market News

CWT Limited - Jump-start to 2014

StockFanatic
Publish date: Thu, 15 May 2014, 01:16 PM
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CWT's 1Q14 net profit of S$35m (+30% y-o-y) exceeded our expectations, representing 32% of our FY forecast

■ Broad-based earnings growth, notably led by Financial Services, Engineering Services and Logistics

■ Upcoming TOP of 2 warehouses in 2Q and 4Q to lead growth for CWT's core Logistics segment, with other segments also growing their contributions

Maintain BUY, TP S$1.82
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